In another day of optimism in the financial market, the stock market broke its third consecutive record and surpassed 164 thousand points, benefiting from the performance of the Brazilian economy in the third quarter. The dollar fell slightly and remained close to R$5.30, on a favorable day for emerging countries.
The Ibovespa index, from B3, closed this Thursday (4) at 164,456 points, an increase of 1.67%. Shares of oil companies, mining companies and banks led to gains.
In the first week of December alone, the indicator accumulated an increase of 3.38%. In 2025, the Brazilian stock market will appreciate by 36.72%.
The foreign exchange market had a stable day. The commercial dollar ended Thursday selling at R$5.31, with a drop of just 0.04%. The price dropped to R$5.28 around 11:20 am, but reduced the rate of decline during the afternoon.
The US currency is at its lowest value since November 14, when it was R$5.29. The currency falls 0.47% in the first week of December and 14.08% for the year.
The dollar fell against the currencies of emerging countries. Even with the rise in US Treasury bond rates in the afternoon, which reduced the fall of the US currency, the exchange rate closed low, close to stability.
Regarding the scholarship, the news that the Brazilian economy grew just 0.1% in the third quarter was well received. The strong slowdown in activity has increased the chances that the Central Bank (BC) will start cutting the Selic Rate (the economy’s basic interest rate) in January.
Lower domestic interest rates favor the stock market. This is because lower rates encourage the migration of fixed income investments, such as National Treasury bonds, to the stock market.
* with information from Reuters
